Center Moriches Bankruptcy & Debt Lawyer, New York

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Abraham Michelson
About | Practice Areas
The Michelson Law Office
203 North Lasalle Street Suite 2100 Chicago, IL 60601Â» view map
Bankruptcy, Chapter 7, Chapter 13
Chicago Bankruptcy Lawyer

When your finances are at stake, choose the best. Don't sink deeper in debt. Contact The Michelson Law Office

800-824-6431
1. Abraham Michelson Chicago, IL
  Attorney at Law - Illinois, 2013
  Thomas Cooley, JD, 2004
2. AboutAbraham Michelson
  Our legal team can advise you on your options for negotiating a solution.
3. Practice AreasServices
  Find out how an experienced attorney can help end calls and prevent lawsuits.
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Patricia Alice Scully Riegger

International, Bankruptcy & Debt

Status: In Good Standing Licensed: 32 Years

CONTACT

449 Upper Midland Pond Ct, Moriches, NY 11955

Stanley Weiner

International, Divorce & Family Law, Bankruptcy & Debt

Status: In Good Standing Licensed: 51 Years

CONTACT

22 Stargazer Dr, Eastport, NY 11941

Mel Jacoby

Accident & Injury, Bankruptcy & Debt, Criminal, Divorce & Family Law

Status: In Good Standing

FREE CONSULTATION

CONTACT

691 Montauk Highway, Shirley, NY 11967

John Edward Messinetti

Traffic, Estate Planning, Elder Law, Bankruptcy

Status: In Good Standing Licensed: 56 Years

CONTACT

210 William Floyd Pkwy, Shirley, NY 11967

John Edward Messinetti

Traffic, Estate Planning, Elder Law, Bankruptcy

Status: In Good Standing Licensed: 56 Years

CONTACT

210 William Floyd Pkwy, Shirley, NY 11967

Marc Andrew Kramer

Employment Discrimination, Family Law, Corporate, Collection

Status: In Good Standing Licensed: 23 Years

CONTACT

70 Medford Ave, Patchogue, NY 11772

Glenn Louis Kantor

Estate, Bankruptcy

Status: In Good Standing Licensed: 41 Years

CONTACT

12 Oak Street, Westhampton Beach, NY 11978

Suzanne Martin Mensch

Real Estate, Estate, Business, Bankruptcy & Debt

Status: In Good Standing Licensed: 26 Years

CONTACT

50 Sunset Ave, Westhampton Beach, NY 11978

Chinwe Angela Nwadiogbu

Immigration, Medical Malpractice, Divorce & Family Law, Consumer Bankruptcy

Status: In Good Standing Licensed: 25 Years

CONTACT

Ridge, NY 11961

Robert J. Rosenberg

Bankruptcy & Debt

Status: In Good Standing Licensed: 54 Years

CONTACT

24 Oak Meadow Ln, Bellport, NY 11713

800-923-0641

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LEGAL TERMS

FAIR CREDIT REPORTING ACT (FCRA)

A federal law that is designed to prevent inaccurate or obsolete information from entering or remaining in a credit report. The law requires credit bureaus to a... (more...)

A federal law that is designed to prevent inaccurate or obsolete information from entering or remaining in a credit report. The law requires credit bureaus to adopt reasonable procedures for gathering, maintaining and disseminating information and bars credit bureaus from reporting negative information that is older than seven years, except a bankruptcy, which may be reported for ten. If you notify a credit bureau of an error in your credit report, the FCRA requires the bureau to investigate your allegations within 30 days, review all information you provide, remove inaccurate and unverified information and adopt procedures to keep the information from reappearing. In addition, the law requires that creditors refrain from reporting incorrect information to credit bureaus.

UNDUE HARDSHIP

The circumstances in which a debtor may discharge a student loan in bankruptcy. For example, a debtor who has no income and little chance of earning enough in t... (more...)

The circumstances in which a debtor may discharge a student loan in bankruptcy. For example, a debtor who has no income and little chance of earning enough in the future to pay off the loan may be able to show that repayment would be an undue hardship.

FORBEARANCE

Voluntarily refraining from doing something, such as asserting a legal right. For example, a creditor may forbear on its right to collect a debt by temporarily ... (more...)

Voluntarily refraining from doing something, such as asserting a legal right. For example, a creditor may forbear on its right to collect a debt by temporarily postponing or reducing the borrower's payments.

LIEN

The right of a secured creditor to grab a specific item of property if you don't pay a debt. Liens you agree to are called security interests, and include mortg... (more...)

The right of a secured creditor to grab a specific item of property if you don't pay a debt. Liens you agree to are called security interests, and include mortgages, home equity loans, car loans and personal loans for which you pledge property to guarantee repayment. Liens created without your consent are called nonconsensual liens, and include judgment liens (liens filed by a creditor who has sued you and obtained a judgment), tax liens and mechanics liens (liens filed by a contractor who worked on your house but wasn't paid).

INFRINGEMENT (OF TRADEMARK)

Unauthorized use of a protected trademark or service mark, or use of something very similar to a protected mark. The success of a lawsuit to stop the infringeme... (more...)

Unauthorized use of a protected trademark or service mark, or use of something very similar to a protected mark. The success of a lawsuit to stop the infringement turns on whether the defendant's use causes a likelihood of confusion in the average consumer. If a court determines that the average consumer would be confused, the owner of the original mark can prevent the other's use of the infringing mark and sometimes collect damages.

S CORPORATION

A term that describes a profit-making corporation organized under state law whose shareholders have applied for and received subchapter S corporation status fro... (more...)

A term that describes a profit-making corporation organized under state law whose shareholders have applied for and received subchapter S corporation status from the Internal Revenue Service. Electing to do business as an S corporation lets shareholders enjoy limited liability status, as would be true of any corporation, but be taxed like a partnership or sole proprietor. That is, instead of being taxed as a separate entity (as would be the case with a regular or C corporation) an S corporation is a pass-through tax entity: income taxes are reported and paid by the shareholders, not the S corporation. To qualify as an S corporation a number of IRS rules must be met, such as a limit of 75 shareholders and citizenship requirements.

DEBT COLLECTOR

A person who works in the in-house collections department of an original creditor or a collection agency to track down debtors and get them to pay what they owe... (more...)

A person who works in the in-house collections department of an original creditor or a collection agency to track down debtors and get them to pay what they owe. Debt collectors can be relentless, often using scare tactics, humiliation and repeated phone calls to extract payments or promises to pay.

CHAPTER 7 BANKRUPTCY

The most familiar type of bankruptcy, in which many or all of your debts are wiped out completely in exchange for giving up your nonexempt property. Chapter 7 b... (more...)

The most familiar type of bankruptcy, in which many or all of your debts are wiped out completely in exchange for giving up your nonexempt property. Chapter 7 bankruptcy takes from three to six months, costs about $200, and commonly requires only one trip to the courthouse.

CREDIT BUREAU

A private, profit-making company that collects and sells information about a person's credit history. Typical clients include banks, mortgage lenders and credit... (more...)

A private, profit-making company that collects and sells information about a person's credit history. Typical clients include banks, mortgage lenders and credit card companies that use the information to screen applicants for loans and credit cards. There are three major credit bureaus, Equifax, Experian and Trans Union, and they are regulated by the federal Fair Credit Reporting Act.

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Center Moriches Bankruptcy & Debt Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Patricia Alice Scully Riegger

Stanley Weiner

Mel Jacoby

John Edward Messinetti

John Edward Messinetti

Marc Andrew Kramer

Glenn Louis Kantor

Suzanne Martin Mensch

Chinwe Angela Nwadiogbu

Robert J. Rosenberg

TIPS

LEGAL TERMS

FAIR CREDIT REPORTING ACT (FCRA)

UNDUE HARDSHIP

FORBEARANCE

LIEN

INFRINGEMENT (OF TRADEMARK)

S CORPORATION

DEBT COLLECTOR

CHAPTER 7 BANKRUPTCY

CREDIT BUREAU

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